Carrefour has joined the IBM Food Trust to help implement a global food traceability standard across supply chains.
A clearer view of the supply chain
The IBM Food Trust, which had been tested for 18 months, is now available for subscription. Carrefour is among the first participants to join the network, along with Finland-based retailer S Group, Nestle and Unilever. The Food Trust costs from US$100 to US$10,000 a month depending on the size of the company.
The platform allows manufactures and distributors to share traceability and nutritional information to help enhance product safety. Participants in the network can instantly gain a clearer view of the food supply chain.
Blockchain technology guarantees traceability
Carrefour has said its participation in the network demonstrates its commitment to the Act for Food initiative. The move also follows Carrefour’s launch of blockchain technology in March 2018.
The retailer hopes the platform will “accelerate and widen the integration of blockchain technology” to guarantee consumers complete product traceability. Carrefour will track its private label range in France, Spain and Brazil before expanding globally by 2022.
Commenting on the Food Trust, Laurent Vallée, Carrefour’s general secretary, said, “Being a founding member of IBM Food Trust platform is a great opportunity for Carrefour to strongly accelerate and widen the integration of blockchain technology to our products in order to provide our clients with safe and undoubted traceability.”
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